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Economy of Seychelles vs Uruguay compared: GDP & Debt

Updated on by Georank

The Seychelles has a GDP of $2.39B compared to $85.3B for Uruguay, ranking 177/197 and 84/197 by economy size, respectively.

The Seychelles has $1.23B in government debt (51.5% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Seychelles vs Uruguay GDP by year

Seychelles
Uruguay
1x
Year GDP, current $
Seychelles Uruguay
2025 $2,387,022,853 $85,347,696,278
2024 $2,228,608,684 $82,322,859,144
2023 $2,171,547,935 $79,208,725,900
2022 $1,999,888,599 $71,240,669,088
2021 $1,487,173,795 $60,739,061,281
2020 $1,382,551,752 $53,559,354,501
2019 $1,868,690,097 $62,222,324,965
2018 $1,784,313,927 $65,344,577,416
2017 $1,675,370,641 $65,006,039,810
2016 $1,568,513,348 $57,480,787,465
2015 $1,432,403,352 $57,680,327,999
2014 $1,387,577,870 $61,496,186,974
2013 $1,333,160,407 $61,337,621,934
2012 $1,089,407,839 $54,232,266,359
2011 $1,058,918,707 $50,342,406,067
2010 $981,616,542 $41,950,361,212
2009 $850,901,620 $32,708,319,078
2008 $979,597,394 $31,119,602,539
2007 $1,077,308,814 $23,797,773,024
2006 $1,081,441,283 $19,741,420,740
2005 $977,899,382 $17,362,857,684
2004 $893,012,218 $13,686,329,890
2003 $750,847,230 $12,045,638,352
2002 $742,134,838 $13,606,515,723
2001 $662,064,156 $20,898,761,742
2000 $654,212,394 $22,823,270,892
1999 $662,838,615 $23,983,945,191
1998 $647,287,376 $25,385,886,978
1997 $598,966,982 $23,969,739,234
1996 $535,250,347 $20,515,458,114
1995 $540,733,048 $19,297,663,097
1994 $517,570,058 $17,474,588,896
1993 $504,230,621 $15,002,136,971
1992 $461,409,399 $12,878,148,791
1991 $398,307,170 $11,206,176,651
1990 $392,163,561 $9,298,807,850
1989 $324,333,367 $8,438,951,476
1988 $301,985,618 $8,213,538,369
1987 $265,212,957 $7,367,494,080
1986 $221,147,061 $5,880,112,788
1985 $179,691,483 $4,732,017,873
1984 $160,992,921 $4,850,238,550
1983 $156,098,237 $5,102,276,308
1982 $157,211,790 $9,178,780,077
1981 $163,750,728 $11,048,301,421
1980 $156,783,830 $10,163,020,116
1979 $127,261,099 $7,181,182,224
1978 $85,552,366 $4,910,254,566
1977 $64,526,401 $4,114,670,014
1976 $49,278,982 $3,667,161,241
1975 $47,803,146 $3,538,278,047
1974 $43,134,496 $4,090,209,682
1973 $36,896,280 $3,964,296,443
1972 $30,645,123 $2,189,418,689
1971 $21,965,951 $2,807,258,065
1970 $18,432,032 $2,137,096,774
1969 $16,452,028 $2,004,435,484
1968 $16,074,028 $1,593,674,185
1967 $16,632,032 $1,597,713,469
1966 $16,443,034 $1,809,185,094
1965 $15,603,032 $1,890,767,156
1964 $15,393,032 $1,975,701,816
1963 $13,923,029 $1,539,681,491
1962 $12,642,026 $1,710,004,407
1961 $11,592,024 $1,547,388,781
1960 $12,012,025 $1,242,289,239

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

GDP per capita in Seychelles vs Uruguay by year

Seychelles
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Seychelles Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,449 - $25,216 -
2024 $18,365 $33,239 $24,308 $36,418
2023 $18,131 $31,781 $23,379 $34,471
2022 $16,683 $29,973 $21,009 $33,001
2021 $14,983 $29,980 $17,882 $29,432
2020 $14,041 $31,056 $15,758 $25,725
2019 $19,142 $34,219 $18,316 $25,783
2018 $18,440 $32,091 $19,250 $24,386
2017 $17,480 $30,675 $19,185 $23,607
2016 $16,567 $28,811 $17,010 $22,841
2015 $15,333 $25,435 $17,126 $22,169
2014 $15,188 $24,985 $18,322 $21,868
2013 $14,821 $22,487 $18,335 $20,661
2012 $12,337 $22,264 $16,260 $19,495
2011 $12,110 $21,781 $15,132 $19,135
2010 $10,935 $18,982 $12,641 $17,873
2009 $9,747 $18,453 $9,881 $16,422
2008 $11,265 $18,881 $9,424 $15,694
2007 $12,669 $19,473 $7,222 $14,397
2006 $12,783 $17,503 $6,001 $13,179
2005 $11,802 $15,846 $5,284 $12,296
2004 $10,828 $14,160 $4,169 $11,103
2003 $9,070 $14,142 $3,671 $10,303
2002 $8,864 $14,570 $4,150 $10,030
2001 $8,153 $14,615 $6,383 $10,719
2000 $8,064 $14,638 $6,988 $10,929
1999 $8,243 $13,853 $7,371 $10,938
1998 $8,210 $13,675 $7,837 $11,002
1997 $7,747 $13,458 $7,436 $10,461
1996 $7,004 $11,931 $6,398 $9,524
1995 $7,181 $10,809 $6,050 $8,906
1994 $6,975 $10,692 $5,508 $8,897
1993 $6,979 $11,020 $4,753 $8,162
1992 $6,520 $10,243 $4,102 $7,808
1991 $5,655 $9,387 $3,589 $7,112
1990 $5,642 $8,955 $2,995 $6,683
1989 $4,689 - $2,734 -
1988 $4,392 - $2,677 -
1987 $3,872 - $2,416 -
1986 $3,368 - $1,939 -
1985 $2,754 - $1,568 -
1984 $2,488 - $1,615 -
1983 $2,426 - $1,707 -
1982 $2,441 - $3,085 -
1981 $2,557 - $3,728 -
1980 $2,478 - $3,443 -
1979 $2,030 - $2,443 -
1978 $1,377 - $1,678 -
1977 $1,044 - $1,414 -
1976 $814 - $1,268 -
1975 $806 - $1,232 -
1974 $745 - $1,433 -
1973 $649 - $1,397 -
1972 $547 - $776 -
1971 $402 - $1,000 -
1970 $344 - $766 -
1969 $314 - $723 -
1968 $314 - $579 -
1967 $333 - $585 -
1966 $338 - $668 -
1965 $328 - $705 -
1964 $332 - $745 -
1963 $308 - $587 -
1962 $287 - $659 -
1961 $270.3 - $604 -
1960 $288.1 - $491 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

The Seychelles' GDP per capita is $19,449, ranking 64/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), the Seychelles ranks 67th at $33,239, while Uruguay ranks 61st at $36,418.

Economic indicators

Seychelles Uruguay
Gross domestic product
$2.39B
2025
$85.3B
2025
GDP rank
177/197
2025
84/197
2025
GDP growth
5.8%
2024-2025
1.78%
2024-2025
GDP per capita
$19,449
2025
$25,216
2025
GDP per capita rank
64/197
2025
54/197
2025
GDP per capita, PPP
$33,239
2024
$36,418
2024
GDP per capita PPP rank
67/197
2024
61/197
2024
Government debt
$1.23B
2025
$56B
2025
Debt-to-GDP ratio
51.5%
2025
65.7%
2025
Government debt per person
$10,019
2025
$16,559
2025
Government debt per person rank
59/185
2025
41/185
2025
Average annual personal income after taxes
$11,537
2026
$14,046
2026
Market capitalization of domestic companies
$646M
2025
$284M
1996
Income share by richest 10%
23.9%
2018
30%
2024
Income share by poorest 10%
2.6%
2018
2.2%
2024
Government expenditure, % of GDP
32.7%
2025
31.5%
2025
Consumer prices inflation
0.3%
2024-2025
4.65%
2024-2025
Central bank interest rate
1.75%
2024
5.75%
2026
Unemployment rate
2.59%
2024
8.21%
2024
Population
125859
3382672

Spending and national debt comparison by year

Seychelles
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Seychelles Uruguay
Government spending Government debt Government spending Government debt
2025 32.7% 51.5% 31.5% 65.7%
2024 33% 56.1% 30.6% 67.6%
2023 33.1% 55.1% 30.1% 63%
2022 31.6% 60.6% 29.7% 59.4%
2021 38.8% 71% 30.2% 64.1%
2020 46.7% 77.4% 32.8% 68.2%
2019 31.7% 48.9% 30.6% 59.6%
2018 33% 51.3% 30.3% 57.9%
2017 34.3% 56.7% 29.7% 55.8%
2016 34.5% 64.3% 29.7% 56.4%
2015 31.5% 75.4% 28.4% 57.8%
2014 33.4% 70.4% 29.1% 51.1%
2013 37.8% 68.2% 28.8% 50%
2012 38.6% 80.1% 27.7% 49.8%
2011 36.4% 82.5% 26.3% 41.3%
2010 34.6% 82.2% 27.4% 40.9%
2009 32.1% 106.1% 27.2% 46.2%
2008 27% 192.1% 26.3% 46.2%
2007 41.9% 144% 26.8% 52.8%
2006 43.6% 135.1% 26.8% 61.1%
2005 39% 144.1% 26.3% 66.2%
2004 39.9% 163.2% 26.6% 73.7%
2003 44.6% 177% 27.7% 91.9%
2002 56.3% 195.9% 27.6% 90.1%
2001 46.8% 199.8% 27.8% 39.4%
2000 55.4% 177.8% 26.6% 30.5%
1999 56.1% 159.8% 27.2% 24.1%
1998 60.7% 161.2% 27.3% 19.4%
1997 54.7% 143% 27.6% 18.8%
1996 59.1% 146.7% 26.5% 18.3%
1995 53.1% 133.5% 26.2% 18.5%
1994 63.6% 123.5% 29.5% 19.3%
1993 60.4% 82.2% 27.7% 20%
1992 50.7% 79.9% 23.6% 22.2%
1991 52.1% 89.2% 22.2% 20.4%
1990 46.1% 80.4% 21.1% 26.2%
1989 51.7% 39.9% 37% -
1988 46.7% 41.3% 26% 34.8%
1987 49.7% 37% 24.4% 37.3%
1986 58% 31.5% 25.1% 34.6%
1985 53% 26.5% 24.6% 29%
1984 50.5% 15.3% 25.6% 39.5%
1983 47.9% 12.4% 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

In 2025, the Seychelles' government spending was $781M, accounting for 32.7% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 51.5% in the Seychelles and 65.7% in Uruguay, ranking 102/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Seychelles

Uruguay
1x
Year Deficit/surplus, % of GDP
Seychelles Uruguay
2025 -0.99% -3.36%
2024 -0.68% -3.16%
2023 -1.15% -3.09%
2022 -0.77% -2.5%
2021 -5.76% -2.61%
2020 -15.7% -4.64%
2019 0.42% -2.71%
2018 -0.8% -1.89%
2017 -1.67% -2.51%
2016 0.02% -2.68%
2015 1.39% -1.86%
2014 2.87% -2.6%
2013 0.33% -1.72%
2012 2.93% -2.17%
2011 3.36% -0.33%
2010 0.52% -0.39%
2009 4.84% -1.39%
2008 7.88% -1.31%
2007 -9.93% -0.16%
2006 -2.54% -0.64%
2005 0.42% -0.28%
2004 0.44% -0.87%
2003 3.4% -2.19%
2002 -16.3% -3.19%
2001 -8.93% -2.85%
2000 -14.7% -2.76%
1999 -10.3% -2.76%
1998 -16.7% -0.76%
1997 -5.91% -0.97%
1996 -9.69% -1.32%
1995 -2.58% -1.08%
1994 -6.95% -2.37%
1993 -3.62% -0.47%
1992 6.44% 0.6%
1991 3.15% 0.88%
1990 11.9% 0.49%
1989 8.26% -13.1%
1988 11.8% -1.47%
1987 2.77% -0.66%
1986 -10.1% -0.34%
1985 -4.86% -1.88%
1984 -6.09% -4.94%
1983 -3.13% -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

In 2025, the Seychelles' government deficit, the difference between spending and revenue, was $23.5M, equivalent to 0.99% of GDP. This compares to Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 43 years, the Seychelles recorded a fiscal deficit in 24 of those years, while Uruguay ran a deficit in 40 years. On average, the Seychelles posted an annual deficit equal to 2.01% of GDP, compared to deficit of 2.04% of GDP for Uruguay.

Inflation comparison by year

Inflation
Seychelles

Uruguay
1x
Year Consumer prices inflation
Seychelles Uruguay
2025 0.3% 4.65%
2024 0.31% 4.85%
2023 -1.04% 5.87%
2022 2.63% 9.1%
2021 9.77% 7.75%
2020 1.2% 9.76%
2019 1.81% 7.88%
2018 3.7% 7.61%
2017 2.86% 6.22%
2016 -1.02% 9.64%
2015 4.04% 8.67%
2014 1.39% 8.88%
2013 4.34% 8.58%
2012 7.11% 8.1%
2011 2.56% 8.09%
2010 -2.4% 6.7%
2009 31.8% 7.06%
2008 37% 7.88%
2007 5.32% 8.11%
2006 -0.35% 6.4%
2005 0.91% 4.7%
2004 3.86% 9.16%
2003 3.3% 19.4%
2002 0.18% 14%
2001 5.97% 4.36%
2000 6.27% 4.76%
1999 6.35% 5.66%
1998 2.58% 10.8%
1997 0.62% 19.8%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

Over the past 29 years, the Seychelles has recorded an average annual inflation rate of 4.87%, compared with 8.43% in Uruguay. In 2025, inflation was 0.3% in the Seychelles and 4.65% in Uruguay.

Top exports between countries

Seychelles
Export category Export value
Uruguay
Export category Export value
Animal & marine products $49K

Balance of trade

Seychelles Uruguay
Current account balance
-$166M
2024
-$374M
2025
Current account balance ranking
90/190
2024
100/190
2025
Current account balance, % of GDP
-7.46%
2024
-0.44%
2025
Goods imports
$1.38B
2024
$13.6B
2025
Goods exports
$595M
2024
$16.1B
2025
Service imports
$1B
2024
$5.96B
2025
Service exports
$1.71B
2024
$7.39B
2025
Imports of goods and services, % of GDP
92.7%
2025
22.6%
2025
Exports of goods and services, % of GDP
79.6%
2025
27.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Seychelles Uruguay
Economic freedom 66.5 69.8
Economic freedom ranking 60/197 39/197
Property rights 82.6 87.4
Government integrity 71.7 79
Judicial effectiveness 61.7 80.9
Tax burden 77.3 73.3
Government spending 68 72
Fiscal health 92.2 76.6
Business freedom 71.3 83.8
Labor freedom 52 61.7
Monetary freedom 79.8 70.2
Trade freedom 81.2 73.2
Investment freedom 30 50
Financial freedom 30 30

Economic freedom comparison by year

Seychelles
Uruguay
1x
Year Economic freedom index
Seychelles Uruguay
2026 66.5 69.8
2025 66.4 70.2
2024 60.4 69.8
2023 59.5 70.2
2022 61.1 70
2021 66.3 69.3
2020 64.3 69.1
2019 61.4 68.6
2018 61.6 69.2
2017 61.8 69.7
2016 62.2 68.8
2015 57.5 68.6
2014 56.2 69.3
2013 54.9 69.7
2012 53 69.9
2011 51.2 70
2010 47.9 69.8
2009 47.8 69.1
2008 - 67.9
2007 - 68.4
2006 - 65.3
2005 - 66.9
2004 - 66.7
2003 - 69.8
2002 - 68.7
2001 - 70.7
2000 - 69.3
1999 - 68.5
1998 - 68.6
1997 - 67.5
1996 - 63.7
1995 - 62.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

The Economic Freedom Index for the Seychelles is 66.5, ranking 60/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Seychelles Uruguay
Services, % of GDP
67.9%
2025
65.2%
2025
Industry, % of GDP
14.3%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
2.61%
2025
6.38%
2025
GNI, Atlas method
$2.36B
2025
$81.3B
2025
GNI per capita, PPP
$34,930
2025
$36,330
2025
Total reserves including gold
$774M
2024
$19B
2025
Total reserves ranking
146/177
2024
67/177
2025
Net foreign direct investment
-$268M
2024
-$457M
2025
Net inflows of foreign direct investment
$226M
2024
-$3.94B
2024
Net outflows of foreign direct investment
-$41.4M
2024
-$1.37B
2024
Poverty at national poverty lines
25.3%
2018
17.3%
2024
Gross capital formation, % of GDP
18.7%
2025
16.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/seychelles/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2024, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.